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Third Party Compliance Solution
Third Party Compliance Solution with the ComplianceDesktop® Technology Platform is designed for you to manage your network of business partners by:
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developing an in-depth knowledge of partners
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identifying and assessing the risks associated with partners
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training partners in relevant compliance protocol
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auditing partners in accordance with your compliance requirements, and more.
With the different tools of the Third Party Compliance Solution, you can achieve your third party compliance programme through seven steps without hassle.
Step 1 - Collecting Information: Acquire in-depth knowledge about your partners.
Questionnaire Tool™ helps you to manage complex data collection activities.
Step 2 - Assessing Risks: Analyse the information and identify the level of risk that your partner exposes you to.
Questionnaire Tool™ enables you to define and assess your partner’s risk level.
Step 3 - Due diligence: Conduct tailored due diligence investigations on partners and manage all case files for recording and tracking.
IntegraWatch™ | Self-Service Watchlist and Due Diligence Manager allows you to initiate tailored due diligence investigations on partners, track and monitor the due diligence process, and store all cases systematically.
Step 4 - Remediation: Deal effectively with red flags.
Remediation Tool helps you to track all incidents and issues which require resolution for necessary review and auditing processes.
Remediation Tool helps you to track all incidents and issues which require resolution for necessary review and auditing processes.
Steps 5 & 6 - Training & certification: Manage compliance training and certifications for your partners.
Training Tool and Certifications Tool manage and track the compliance training of partners, and certifies all completed training sessions.
Step 7 - Monitoring: Track performance of the compliance programme established for your partners.
Partner Manager provides an overview on the status of partners in relation to your compliance programme.
To learn more about each tool, click here or go to our firm library and search for "third party compliance solution".
For more information of the solution or if you wish to view a demo, please contact us at contact@redflaggroup.com.
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